Shenzhen property market turnover fell in March, there are real estate prices in disguise.

China Paint Network
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after four or five months of hot transactions, Shenzhen property market from hot to cold, turnover fell significantly, and the upward momentum of prices also significantly weakened. Reporters learned that the number of new housing transactions in Shenzhen has been down for 3 months, September is down 32% month-on-month in August, but prices are still slightly higher, while the number of second-hand housing transactions has fallen for two months, in September Shenzhen second-hand housing transactions compared to July fell by 39%. In the next few months, the Shenzhen property market will face a game period. At the end of the year developers still have a lot of sales pressure, in the case of cold transactions, some developers or take promotional measures to speed up property sales. And the second-hand housing market, some of the sellers have appeared to reduce the price of the case, but most owners are still confident in the future market, the market is expected to be at a high level of consolidation. Experts said that the current level of mortgage interest rates have been low, the cost of buying a house is reduced, for home buyers is still an opportunity to buy a home. First-hand building: there are real estate disguised price reduction
According to the Shenzhen Central Plains Research Center monitoring, the number of new supply of real estate in Shenzhen in September and the total number of sets increased from August, to a certain extent, reflects the "Golden Nine Silver Ten" traditional peak season developers to accelerate the trend of pushing the market. According to statistics, 12 new residential projects were approved for sale in September, a decrease of one from August, but the number of supply units reached 5203, an increase of 14% over August. Six of the projects are from the Longgang area. "The relatively ample supply in September has tested relatively high prices, with some '10% down payment' and disguised price reductions represented by a variety of opening concessions. The current market climate is in line with the situation at the end of 2011 when the market changed from boom to market. Wang Fei, manager of the Central Plains Research Center in Shenzhen, said. Actual transactions show a downward trend. According to the Shenzhen Central Plains Research Center monitoring, as of September 29, Shenzhen first-hand residential transactions of 3,849 units, down 32% month-on-month, the transaction area of 389,000 square meters. Mr Wang said the cooling of property market turnover in the past three months, coupled with the retreat of the wealth effect of the stock market and the tightening of bank credit, had caused a continued slowdown in visitors to new housing projects. Yu Jiaxiong, managing director of Shenzhen Zhongyuan Secondary Market, believes that as demand in the property market remains strong and supply continues to increase in the last few months, it is expected that from now on, some developers in order to stabilize high house prices, will speed up the pace of sales before the increase in supply, competition tends to be fierce, so there will be some special promotional means. However, he believes that this is an isolated phenomenon and not a broad trend. Second-hand housing: turnover fell 40% in two months
in second-hand housing, according to the Shenzhen Central Plains Research Center monitoring, as of the end of September, Shenzhen second-hand residential transactions in September 9881 units, down 11.82% month-on-month. Since July, Shenzhen's second-hand housing record has fallen for two months in a row, by about 39%. Wang Fei believes that weak customer confidence in home purchases, bank lines of credit are not as adequate as the first half of the year is the main reason for the decline in transactions. According to the monitoring of 188 sample second-hand properties in Shenzhen by Shenzhen Zhongyuan, the average transaction price of second-hand housing in Shenzhen in September increased by 1.17% month-on-month in August, although shenzhen house prices are still rising, but the increase is significantly narrower than in August by 3.4 percentage points, the average price of sample properties is 43,293 yuan / m2. Among them, the previous increase of the stronger Longhua and Bao'an have appeared a certain amount of warmth, month-on-month growth rate decline. A survey from Shenzhen's Zhongyuan Shop showed that second-hand owners' prices were revised downwards again at the end of September. It can be seen that the recent Shenzhen housing prices face adjustment trend has not changed. According to statistics, as of September 29, the city of Shenzhen in a year of second-hand housing prices rose as high as 48.7%. Nanshan house prices in absolute value and increase are among the first in each region, the average transaction price of 588,000 yuan / m2, up nearly 56% year-on-year. Bao'an is up 50.3% year-on-year, the average price exceeded 43,000 yuan / m2, the price of the two regions on the rapid progress, largely benefiting from the establishment of the former Haihekou Free Trade Zone. In the first-line shop, real estate consultants feel that the 3.30 property market New Deal to Shenzhen housing prices brought about by the upward trend is slowly weakening: "second-hand housing prices have been very small, a small number of eager to sell the owner price or below the market price of 5%-10%, but the overall price is still relatively strong." "Opinion: The surge is difficult to see in the second half of the year
Another notable change is that Shenzhen on October 1st routinely updated property assessment prices, and concerns about price increases led to a surge in the number of transfers in the second half of September. According to real-time data from Shenzhen Zhongyuan, the number of accounts passed in the second half of September increased by nearly 40%, which to some extent promoted short-term transactions, but the impact on the medium- and long-term trend was less significant. Wang Fei believes that the fundamental logic of Shenzhen's previous surge in housing prices is the interactive effect of better-than-expected credit easing and the boom in the A-share market. Both factors are weakening at the moment. Judging from the trend of capital, severe capital outflows limit the range of monetary easing, and the increase in the base currency brought about by the double decline is hedged by the decrease in the base currency brought about by the decline in foreign exchange accounts. In the absence of a better global macro environment, the means and effects of future monetary easing have been severely restrained. According to this, Wang Fei believes that in the short term, Shenzhen property market confidence compared with the previous period has seen a sharp turn. Gold nine silver ten supply increased significantly, turnover will be improved, but the price has been tested, the surge in the second half of the market is difficult to appear. Q housing network branch store manager Yu Zhigui believes that the fourth quarter due to the urgent need for developers to withdraw funds, coupled with the new market volume is very large, second-hand housing transactions will be cooled, but years ago there will still be a small wave of high tide, the first half of the backlog of just need customers will still enter the market. Xiao Xiaoping, general manager of the chain home second-hand housing research institute, said, "For first-time buyers and improved demand buyers, because mortgage rates have fallen to lows in recent years, the cost of buying a house than in the past significantly lower, is still a better time to buy a home."